Private company

Electric Fetus

Record store in Minneapolis, Minnesota

The Electric Fetus is a record store in Minneapolis, Minnesota. Minnesota Public Radio said the Electric Fetus is "widely regarded as the pre-eminent indie record store in Minnesota." Owner Keith Covart estimates that the store has an inventory of approximately 50,000 titles.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1968Founded1
  • HeadquartersMinneapolis1
The Electric Fetus
Photo: edkohler, CC BY 2.0, via Wikimedia Commons4

The Electric Fetus is a record store in Minneapolis, Minnesota. Minnesota Public Radio said the Electric Fetus is "widely regarded as the pre-eminent indie record store in Minnesota."[1] Owner Keith Covart estimates that the store has an inventory of approximately 50,000 titles.[2]2

The story

The store was founded in June 1968 by partners Dan Foley and Ron Korsh. Several months after opening Korsh sold his half of the enterprise to Keith Covart, who also obtained Foley's half about ten years later. Operations began in 1968 when Korsh rented a storefront in the Cedar-Riverside neighborhood, known at that time as the Haight-Ashbury of Minneapolis. In 1972 the business moved to its present location on the corner of 4th Avenue and Franklin. [3] Electric Fetus previously had two locations in St. Cloud and Duluth, which closed permanently in 2014 and 2020 respectively. A definitive history of the store was written in 2006 by Penny Peterson and Charlene Roise: "A History of the Electric Fetus" as prepared for the Greater Twin Cities Blues Music Society.

The Electric Fetus Onestop is the wholesale distribution portion of the Electric Fetus. It has "a huge emphasis on local music and aims to provide an outlet for local musicians / bands to consign their CDs or records to be available for distribution through the One Stop. The One Stop's primary focus is local indie record stores and secondly national Independent Record Stores." The Electric Fetus Onestop is located in the basement of The Electric Fetus in Minneapolis and is not open to the public.

Musician Prince was a long-time customer of the store, and made purchases there for Record Store Day five days before his death in 2016.

From Wikipedia’s article on Electric Fetus, shared under CC BY-SA 4.0.3

Timeline

  1. 1968Founded Founded1

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$482.7K 2020–2021
Money received by yearMoney received by year, 2020–2021: $482.7K in all. PPP loans $482.7K.$0$100K$200K$300K2020 · PPP loans: $224.8K20202021 · PPP loans: $257.9K2021
Figures by year
YearPPP loansTotal
2021$257.9K$257.9K
2020$224.8K$224.8K

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA5. Matched to this company by name and state.

  1. Apr 15, 2020$224.8K PPP loan (first draw) from BankCherokee5To THE ELECTRIC FETUS COMPANY, Minneapolis MN; $226.6K forgiven Feb 9, 2021
  2. Jan 29, 2021$257.9K PPP loan (second draw) from BankCherokee5To THE ELECTRIC FETUS COMPANY, Minneapolis MN; $260.6K forgiven Feb 15, 2022

Sources

The numbers on this page point here. Each one links to the record it came from.

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